Yes, goat farming is a profitable enterprise the demand for goat meat and its products is increasing rapidly because of their delicious taste and health benefits.
Every beginner farmer has a question in mind: is a goat farm profitable? I will say Yes goat farming is a profitable business if done in the right way with proper management and proper caretaking of goats. The Goat comes under small ruminants and Due to its small size and friendly behavior. It can be raised under a small space and with minimal food. Raising goats can give good returns.
On comparing goat farm with cow farm, goat farm is profitable. The cow and buffalo required large space to live and large quantities of food for better health.
Goat farming is a scalable business and can be raised 100+ goats under one shed. The Goat needs 2 to 4 percent of food every day according to their body weight to maintain their better health.
If we talk about the disease in goats then I will tell you that the disease in goats is less compared to any other livestock animal.
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What is the Profit margin in Goat farming?
The profit margin in Goat farming is 50%. You can increase the profit margin up to 80% if you grow your own feed on the farm for goats. As per Me, the Profit margin in goat farming depends on the purpose and type of goat farming.
It is better to select one purpose first and start working on it because you can make a business plan according to it.
Goat farming is an agriculture-based business, if you have your own enough land for a growing feed then you can make good money doing goat farming.
The best part of goat farming is that you have to invest money only once, after the production cycle continues the Profit comes continuously.
Types of Goat farming
There are four common purposes and types goat farming
1. Meat purpose goat farming
The consumption demand for goat meat is increasing day by day. Meat purpose goat farming is profitable and done from ancient times. The price of goat meat is increasing every six months. The current price is 600 rs per kg goat meat in tier 2 cities.
The returns in meat purpose goat farming is quick.
Is meat purpose goat farm profitable?
Yes, meat purpose goat farms are profitable. Goat is a good source of meat, The 10 kg meat you can expect from five to six months old goats. To make meat purpose goat farming profitable you have to grow your own green and concentrate feed. You don’t have to buy expensive feed from outside. If you do this then surely you can make a very good income.
Four steps to follow before doing meat purpose goat farming for good returns
Step #1 You don’t have to go for a specific Breed for meat purpose goat farming. You can start with the local breed of your region.
Step #2 You have to purchase male goats from your local market. Go for the goat fattening by providing quality feed to them.
Step #3 castrated goats have capability to gain extra weight in limited time.
Step #4 castrated goat meat is tastier compared to uncastrated goats. For meat purpose goat farming castration of male goats can give you more returns.
2. Milk purpose goat farming
For milk purpose goat farming the selection of breed is an important part. You can’t raise low milk production capacity goats for milk purpose goat farming.
High milch goat breeds can give maximum profit. Higher the milk production, more money you will make.
The price of goat milk is more than cow milk because goat milk is mostly used to make beauty products.
Is milk purpose goat farm profitable?
Milk purpose goat farming is less profitable. if your goat farm is located near Metro, tier 2, and tier 3 cities. if it is near, then you can make it profitable otherwise this purpose is not so popular in India. Goat milk requires a little marketing to sell which is not possible for all farmers.
If you are looking for milk purpose goat farming then You have to approach hospitals and make contact with those who are lactose intolerant.
The price of goat milk is higher than cow or buffalo milk. But the only problem is that the goat doesn’t give enough milk compared to Cow & buffalo.
Four steps to follow before doing milk purpose goat farming for good returns
Step #1 first of all for milk purpose goat farming, Select the high milk production goat breeds like saanen goat, jamunapari goat, Jakhrana goat, Nubian and alpine goat.
Step #2 Milk replacer is most important for milk purpose goat farming. You have to feed a milk replacer to kids after 10 days of their birth to save the original milk of gaots.
Step #3 Provide all types of fodder like green, dry, and concentrate feed to goats for maximum milk production.
Step #4 Goat milk is considered best for kids, older age people and for those who are lactose intolerant. You can also sell goat milk to hospitals.
3. Breeding purpose goat farming
The breeding purpose is the purpose I mostly like because this is simple and has a rich formula of goat farming. It is the most profitable & scalable business idea.
For this purpose of goat farming, you have to do proper caretaking of goats. Feed goats a balanced diet for higher output and production.
Is Breeding Purpose goat farming profitable?
Yes of course this is a type of goat farming in which you can make more money compared to meat and milk purpose goat farming because the pure quality goat breed has more demand that gives double money compared to milk & meat goats.
Three steps to follow before doing Breeding purpose goat farming for good returns
Step #1 select the best and pure breed for breeding, and breeding best with best for higher returns
Step #2 one breeding buck is sufficient for the 25 female goats. The breeder should be of Good quality.
Step #3 The age of the female for breeding should be 1 year and the age of Breeding Buck should be 18 months. Less than this age can get you in the loss.
Step #4: Exotic breeds like Boer and saanen can give you maximum returns.
Step #5 Marketing of your farm is the most important part in breeding purpose goat farming.
4. Festival Purpose goat farming
Festivals like Eid and durga pooja can make you a good money while doing goat farming.
You have to be prepared for this big festival day. The Lakhs of goats have been sold On Bakra Eid. The community makes this festival magnificently
Is festival purpose goat farming Profitable?
It is a parent part of meat purpose goat farming which has enough opportunity. I have seen a single goat sold for one lakh rupees. You can make a very good profit while doing festival purpose goat farming. It is one of the profitable types which every goat farmer mainly focuses on.
Three steps to follow before doing Breeding purpose goat farming for good returns
Step #1 Quality male gets good weight gain. So select the good quality male goat
Step #2 Always Buy Six month age male goats for more profit and less investing.
Step #3 Do castrate goats when you take goats in the farm for maximum weight gain.
Every Purpose has their own pros and cons. The breeding purpose is one of the profitable among all.
Why should you start goat farming?
There is not only a single reason to start a gat farm. I write a lot about goats and goat farming. A lot of people ask me, is a goat farm profitable and my answer is always yes for some reasons.
I take goat farming training. I share my knowledge with my trainees. I always share this thing in my introduction lecture: Why should you start goat farming.
- Goat is a good source of meat, milk, and fiber. The demand for goat meat is more and will increase in the future.
- Goats can survive in every type of climate.
- Small body size, docile nature, high prolificacy, survival on low-grade ration, and small gestation period are some important attributes of goat production.
- Single labor can raise 100 goats easily due to their small size.
- Goat is an animal that can be raised under stall-fed conditions. It required limited space.
- Goat farming requires less investment compared to other livestock businesses. For the price of one cow, you can get 5 goats.
- The risk is less compared to other livestock.
How much Profit can you earn in goat farming?
The profit depends on so many reasons and the type of goat farming. You can earn 6 lakhs in 14 months by following my project report. It is a proven practical guide of how much you can earn in 14 months
To see the project report check below:
The profit can be varied if you change the purpose of goat farming.
Conclusion
We have discussed a lot about every purpose of goat farming. I hope that your purpose of goat farming has cleared after reading this post. Goat farming is profitable from every angle only you have to do it with proper management & focus.
It is a livestock business that is always in profit. The demand for meat is increasing like a skyrocket and the future demand for goat meat and meat products will definitely increase.